Palantir: AI Is Eating The World (NYSE:PLTR)
Palantir, a data analytics company, is positioned as a critical software platform for government institutions and is expected to sustain its growth through AI implementation in various industries.
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Posted 8/24/2023, 12:30:00 PM
seekingalpha.com
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Artificial intelligence (AI) leaders Palantir Technologies and Nvidia are poised to deliver substantial rewards to their shareholders as businesses increasingly seek to integrate AI technologies into their operations, with Palantir's advanced machine-learning technology and customer growth, as well as Nvidia's dominance in the AI chip market, positioning both companies for success.
Palantir Technologies' enterprise AI software sales process and implementation take time, hindering the company's revenue growth despite the hype surrounding generative AI chat, making the stock a better deal at around $14 rather than $20.
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Palantir Technologies Inc. was downgraded by Morgan Stanley, reflecting skepticism from Wall Street regarding the software company's role in artificial intelligence and its ability to drive revenue from AI offerings.
Palantir Technologies will be hosting its next AIPCon customer conference on September 14, featuring over 30 organizations showcasing how they use the company's new Artificial Intelligence Platform (AIP) to achieve tangible business outcomes.
Palantir Technologies and Snowflake are dominant forces in the field of advanced data analytics and AI, with Palantir's advanced machine-learning technology and expertise in data privacy making it uniquely positioned to benefit in the AI revolution, while Snowflake's expertise in curating and optimizing enterprise data and its consumption-based pricing model make it an essential component for enterprises' AI strategies.
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This article mentions Palantir Technologies (NYSE:PLTR) stock. The author's recommendation is to remain long on the stock over the long term.
The author's core argument is that Palantir had a strong performance in Q2 2023, with record revenues, profitability, and growth milestones. The company achieved a 13% increase in revenue YoY and surpassed $2 billion in revenue on a trailing 12-month basis for the first time. The author also highlights Palantir's government-first strategy and its growing revenue from the government segment. The commercial segment reported a 10% YoY revenue growth. The introduction of Palantir's Artificial Intelligence Platform (AIP) is another key point mentioned in the article, emphasizing its potential for enhancing data integration and AI application development.
Overall, the article presents positive information about Palantir's performance, growth, and future prospects.
Palantir's vision for artificial intelligence resonates with consumers, leading to increased business opportunities and long-term impact on the company, according to Wall Street firms.
Palantir Technologies has recently made significant strides in partnership and commercial revenue growth, positioning the company to capitalize on strong spending tailwinds and potentially achieve profitability.
Houston-based investment manager, CAZ Investments, has partnered with Palantir Technologies to utilize its Artificial Intelligence Platform (AIP) to assist with CAZ's growth and innovation, providing AI-powered solutions for partner onboarding and investment management tasks.
Palantir's extensive AI offerings and growing list of enterprise clients position it as a potential AI trade of the decade, with its AIP offering having the potential to scale operations and become a leader in the generative AI industry, leading to aggressive growth and upside potential for its stock.